25 Interesting Facts of Flipkart

Flipkart is giant E-commerce marketplace from India. It’s well known for its path Breaking Services like Cash on Delivery, In-a Day Delivery.In 2007  It was Founded by two Bansal Duo. Initially, It was a started as a Very Small Website. But Later Flipkart has traveled a tough and successful journey and reached at the Top. Sachin Bansal emerged as a face of the company, while a silent stakeholder in the billion-dollar startup largely stayed in the background.  Lately, Flipkart Tried to Grab the fashion industry was one of their boldest moves. Recently Flipkart acquired Myntra for a staggering amount of $300m. Let’s Move ahead to Know more about Interesting Facts which is very Inspirational.

Here some Interesting Facts about Flipkart


∼  Sachin bansal and Binny Bansal are not related. Both are from Chandigarh and both went to the same school.

∼ Two became close friends at IIT-Delhi, Sachin and Binny were not good friends as children. They were one of the best performers both at IIT and at Amazon.

∼ Both Co-Founders left Amazon to launch India’s own Online Book Selling Site and thus founded Flipkart.

∼ After a different round of fundings with a market valuation of nearly 10 Billion as of September 2016

∼ Flipkart had a market share of 45% in 2015 easily beating the competitors like Amazon and Snapdeal.

∼In a second Big Billion Sale. Flipkart saw a turnover of $300 million in gross merchandise volume.

∼Time Magazine named Sachin & Binny Bansal in the prestigious list of 100 Most Influential Person in 2016

∼ Its now clocking US$1.5 billion Yearly and termed as India’s Alibaba. Walmart and Alphabet (Google ) are in race take over this Company.

∼ During Big Billion Day, Sachin, Binny, Punit & others delivered the products to some of the customers.

∼ In 2014, Flipkart launched its own set of tablet, mobile phones & Phablet with brand name DIGIflip.

∼ Flipkart’s search engine is called ‘Sherlock’

∼ Flipkart launched its in-house home appliances and personal healthcare brand Citron.

∼  Flipkart offered Snapdeal an amount of $700-$800 million, but Snapdeal rejected its deal.

 

Collected Facts we Collected from Company Site, Wikipedia page and News of the Flipkart brand. This is interesting what we gather but I don’t guarantee that all are 100% accurate.